Biden underscored key part of U.S. economic plan

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Biden underscored key part of U.S. economic plan

HARTFORD, Oct. 15 - Reuters : U.S. President Joe Biden underscored a crucial part of his economic plan, funding for childcare which would free parents, mostly women, to work for pay in a speech at a Connecticut childcare center Friday.

How could millions of American parents / dads, particularly moms, not be part of the workforce because they can t afford the cost of childcare or eldercare, Biden said?

Biden originally pitched http://www.reuters.com/biden / com world us how-biden plans:add -600 billion-u.s. child care economy - 2021-05-06 $200 billion in funding for universal pre-kindergarten and other childcare programs as part of a broader Care Economy policy aimed at boosting economic growth by paying child and home health workers better and freeing up unpaid caregivers to go to paying jobs

The White House is also pushing for tax credits for businesses to build on-site childcare.

So you go to work with your child and you have a serious facility onsite, Biden said, citing studies that show such operations increase productivity.

Biden recounted his own experience as a young senator after his wife and daughter were killed in a car accident. Even on a congressional salary, Biden did not have adequate childcare for his two sons, said Biden, adding he was lucky to have family who could help.

He commuted to Washington from his home state of Delaware every day because the train was cheaper to be able take every day that the child in Washington, he said.

The White House has cited Yellen and Harris urge childcare investments to boost overall U.S. economy outside estimates that the overall gross domestic product could increase by 5% if women, who do most of the unpaid care work, were included in the workforce at the same rate as men.

A $3.5 trillion spending package Democrats presented in August https: www.reuters.org. com world us paid-leave - clean-energy - preschool-democrats - 35 - paid-plan 2021 - 08 - 09 included more than $700 billion in funding for social programs, including Pre-Kindergarten and paid leave, community college and grants for low-income students. Democratic Sens. Joe Manchin and Kyrsten Sinema want to reduce the package significantly, and Republicans have universally expected to oppose it.